William Lai’s priorities are bolstering Taiwan’s defenses and consolidating ties with democracies. China is unlikely to pursue dialogue with Lai and would instead increase pressure on Taiwan.

One factor boosting the case for an early Fed rate cut is the rise in the labor force participation rate—a rise driven by immigration.

“We should look back on 1944 with a great sense of awe and responsibility” for what could have gone very differently with American history and the Cold War, says Senior Fellow Benn Steil.

Rich people are everywhere, and they can have something to say about the level of economic development in their home countries. Afrasia Bank and New World Wealth have just published the 2019 Africa Wealth Report, which includes North Africa and African island states in the Atlantic and Indian Oceans. It identifies the continent’s six wealthiest cities, defined as total individual private wealth—equities, real estate, businesses—less liabilities. They are Johannesburg, Cape Town, Cairo, Lagos, Durban, and Nairobi.

Nigerians’ frustration with the Tinubu government threatens to spill over.

The costs of hosting the Olympics have skyrocketed, while the economic benefits are far from clear. The 2024 Paris Olympics could be a test of whether reforms to the process have made hosting a bette…